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Economic outlook | April 2024

That was close: Canada looks set to dodge a recession

The Canadian economy is proving its resilience, surpassing year-end expectations with solid labour market performance and sustained population growth. Many signs point to a recovery from the current economic slump in the latter half of the year.

Despite this good news, Canada isn't entirely out of the woods. Challenges are weighing on the economy, with high debt levels, rising mortgage rates (and mortgage delinquencies), business insolvencies, and a stalling productivity that’s keeping growth low.

What does this mean for Canadian households and businesses?

Read our April outlook, That was close: Canada looks set to dodge a recession, for a comprehensive analysis of Canada’s economy in the months ahead.


That was close: Canada looks set to dodge a recession
The Canadian economy proves its resilience

Learn more
April 2024

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Key contact

Trevin Stratton, National Leader and Partner, Economic Advisory, Deloitte Canada, Americas Leader, Economic Advisory, Deloitte Global

Trevin Stratton

National Leader and Partner, Economic Advisory, Deloitte Canada

Dr. Trevin Stratton is a national Economic Advisory leader and partner at Deloitte Canada and Economic Advisory leader at Deloitte Global, where he helps business leaders tackle today’s most complex and challenging economic issues. Prior to joining Deloitte, he was the chief economist and senior vice president of policy at the Canadian Chamber of Commerce. He has advised senior federal and provincial policymakers and government officials, including at the Prime Minister’s Office and the Bank of Canada, and C-suite business leaders on economic policy, development, and strategy.

Trevin earned his PhD at the Graduate Institute of International and Development Studies in Switzerland. He has held appointments as an international scholar at Yale University's Jackson Institute for Global Affairs, an E.C. Harwood Fellow at the American Institute for Economic Research, and a lecturer in economics, politics, and international studies at the American University in Dubai. He also holds a certificate in economic development from the University of Waterloo.

Currently a vice chair of the Business at OECD Economic Policy Committee, he’s also a frequent media contributor on economic issues for programs such as Power & Politics and BNN Bloomberg and publications such as The Globe and Mail and The Washington Post.

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